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Revenues Revenues (Tables)
 6 Months Ended
Jun. 30, 2024
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue [Table Text Block]
Disaggregation of Revenues
PSE&GPSEG Power & Other (A)EliminationsConsolidated
Millions
Three Months Ended June 30, 2024
Revenues from Contracts with Customers
Electric Distribution$983 $— $— $983 
Gas Distribution301 — — 301 
Transmission 436 — — 436 
Electricity and Related Product Sales
 PJM
Third-Party Sales
— 167 — 167 
Sales to Affiliates— 26 (26)— 
ISO-New England (NE)— 2 — 2 
Gas Sales
Third-Party Sales
— 34 — 34 
Sales to Affiliates
— 97 (97)— 
Other Revenues from Contracts with Customers (B)92 169 (2)259 
Total Revenues from Contracts with Customers1,812 495 (125)2,182 
Revenues Unrelated to Contracts with Customers (C)51 190 — 241 
Total Operating Revenues$1,863 $685 $(125)$2,423 
PSE&GPSEG Power & Other (A)EliminationsConsolidated
Millions
Six Months Ended June 30, 2024
Revenues from Contracts with Customers
Electric Distribution$1,764 $— $— $1,764 
Gas Distribution1,223 — — 1,223 
Transmission 872 — — 872 
Electricity and Related Product Sales
 PJM
Third-Party Sales
— 394 — 394 
Sales to Affiliates— 56 (56)— 
ISO-NE— 5 — 5 
Gas Sales
Third-Party Sales
— 110 — 110 
Sales to Affiliates
— 511 (511)— 
Other Revenues from Contracts with Customers (B)176 343 (3)516 
Total Revenues from Contracts with Customers4,035 1,419 (570)4,884 
Revenues Unrelated to Contracts with Customers (C)161 138 — 299 
Total Operating Revenues$4,196 $1,557 $(570)$5,183 
PSE&GPSEG Power & Other (A)EliminationsConsolidated
Millions
Three Months Ended June 30, 2023
Revenues from Contracts with Customers
Electric Distribution$784 $— $— $784 
Gas Distribution274 — — 274 
Transmission 447 — — 447 
Electricity and Related Product Sales
 PJM
Third-Party Sales
— 211 — 211 
Sales to Affiliates— 27 (27)— 
ISO-NE— 3 — 3 
Gas Sales
Third-Party Sales
— 26 — 26 
Sales to Affiliates
— 115 (115)— 
Other Revenues from Contracts with Customers (B)94 153 (1)246 
Total Revenues from Contracts with Customers1,599 535 (143)1,991 
Revenues Unrelated to Contracts with Customers (C)63 367 — 430 
Total Operating Revenues$1,662 $902 $(143)$2,421 
PSE&GPSEG Power & Other (A)EliminationsConsolidated
Millions
Six Months Ended June 30, 2023
Revenues from Contracts with Customers
Electric Distribution$1,514 $— $— $1,514 
Gas Distribution1,233 — — 1,233 
Transmission 872 — — 872 
Electricity and Related Product Sales
 PJM
Third-Party Sales
— 487 — 487 
Sales to Affiliates— 58 (58)— 
ISO-NE— 6 — 6 
Gas Sales
Third-Party Sales
— 112 — 112 
Sales to Affiliates
— 648 (648)— 
Other Revenues from Contracts with Customers (B)172 306 (2)476 
Total Revenues from Contracts with Customers3,791 1,617 (708)4,700 
Revenues Unrelated to Contracts with Customers (C)164 1,312 — 1,476 
Total Operating Revenues$3,955 $2,929 $(708)$6,176 
(A)Includes revenues applicable to PSEG Power, PSEG LI and Energy Holdings.
(B)Includes primarily revenues from appliance repair services and the sale of solar renewable energy credits (SRECs) at auction at PSE&G. PSEG Power & Other includes PSEG LI’s OSA with LIPA and PSEG Power’s energy management fee with LIPA.
(C)Includes primarily alternative revenues at PSE&G principally from the CIP program and derivative contracts and lease contracts at PSEG Power & Other.
Accounts Receivable, Allowance for Credit Loss [Table Text Block]
The following provides a reconciliation of PSE&G’s allowance for credit losses for the three months and six months ended June 30, 2024 and 2023:
20242023
Millions
Balance as of March 31$273 $319 
Utility Customer and Other Accounts
Provision19 15 
Write-offs, net of Recoveries of $7 million and $6 million in 2024 and 2023, respectively
(39)(40)
Balance as of June 30$253 $294 
20242023
Millions
Balance as of Beginning of Year$283 $339 
Utility Customer and Other Accounts
Provision45 24 
Write-offs, net of Recoveries of $14 million and $13 million in 2024 and 2023, respectively
(75)(69)
Balance as of End of Period$253 $294 
Revenue, Capacity Auction Obligations [Table Text Block]
Capacity Revenues from the PJM Annual Base Residual and Incremental Auctions—The Base Residual Auction is generally conducted annually three years in advance of the operating period. The 2023/2024 auction was held in June 2022. In February 2023, the results of the 2024/2025 auction held in December 2022 were released. PSEG Power expects to realize the following average capacity prices resulting from the base and incremental auctions, including unit specific bilateral contracts for previously cleared capacity obligations.
Delivery Year$ per Megawatt (MW)-DayMW Cleared
June 2023 to May 2024$503,700 
June 2024 to May 2025$613,700